Weave Communications (WEAV) Soars 7.4%: Is Further Upside Left in the Stock?

Company Overview - Weave Communications is part of the Zacks Communication - Network Software industry, which includes Ribbon Communications (RBBN) [1] - RBBN closed the last trading session at $3.84, reflecting a 3.5% increase, and has returned 25.3% over the past month [1] Financial Performance - Weave Communications is expected to report a quarterly loss of $0.02 per share, indicating a year-over-year change of +60% [2] - Revenues for Weave are projected to be $48.84 million, representing a 17.2% increase from the same quarter last year [2] - Weave's shares increased by 7.4% in the last trading session, closing at $9.69, with notable trading volume [3] Market Trends - The stock's price movements are correlated with trends in earnings estimate revisions, which are crucial for evaluating potential stock strength [4] - The consensus EPS estimate for Weave has remained unchanged over the last 30 days, suggesting that price increases may not be sustainable without earnings estimate revisions [6] Competitive Position - Weave is benefiting from increased adoption of its solutions across various markets, including dental, optometry, veterinary, and specialty medical, which is enhancing its average revenue per user [5] - Ribbon Communications has a consensus EPS estimate of $0.04 for the upcoming report, unchanged from the previous year, and also holds a Zacks Rank of 3 (Hold) [7]